tv Bloomberg West Bloomberg October 10, 2014 1:00pm-2:01pm EDT
>> live from pier three in san francisco, welcome to "bloomberg west," where we cover the global technology and media companies that are reshaping our world. i am emily chang. first a check of your bloomberg top headlines. the tech heavy nasdaq is tumbling again even as the dow and s&p are posting some small gains. preliminary results that missed forecasts and had shares down as well. irosted the rts
smallest in years. >> europe is in terrible shape. you look at an early come you look at spain, you look at france. they are all hovering around zero growth. to be the, which used strong point, it is not much better. so i think that europe is in very bad shape. >> european shares slump today dax fallingman to a one-year low. board has won all 12 seats on darden's board. they were angry over the selling of red lobster, and has just ofen darden a 300 page list improving the business. european nations are trying to
remove google's control over the ability to erase search controls. some ministers are concerned it could lead to mass a racing of data. -- erasing of data. spoke at satya nadella a conference celebrating women's achievement and technology. he was the first man to be a aker, but he made some comments that upset the ground. if womend about should ask for a raise, this is what he said. >> and is not about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along. that might be one of the additional superpowers that quite frankly women who do not
raise half. that is good karma. it will come back. that that that is the kind of person they want to give more give -- and responsibility too. . >> later in the day he released an official memo apologizing, saying when you think it is deserved, that her advice is right. you should just ask. joining me now is cory johnson. and the executive director of code 2040. and paul kedrosky. abouthing i want to say this, i'm going to try to keep down, and let you say it/
. >> it is disappointing. i am not completely surprised, him, ort it is j microsoft, but too often the message is that if you put your head down and do your work that you will get noticed and it is not always like that. it is really important that women, minorities, will in general, speak up for themselves. theysk for a raise when feel they need it. we know that the pay gap information for women has been all over the news recently. >> $.75 on the dollar. women still make about three quarters of what men do. the datast this week came out for pay gap on minorities. about $3000 less for
blacks, and $15,000 less for hispanics. why any of this should prove true going forward. >> he was being interviewed by a microsoft board member, also a ofan, and president harvey mud college. she disagreed with him. >> this isn't the edges agree with you on. -- this is something i disagree with you on. [applause] this is my advice to all of you. role-play very sit down with someone you really trust, and practice asking them for the salary you deserve. paul, your thoughts? i do not want to put my foot in my mouth. [laughter] the thing that i thought was most amazing all of this is that
his comment was that he was inarticulate and his response. i actually thought he was remarkably thoughtful, just that wrong. -- dead wrong. this is where it goes to an entire sensibility about the way the organizations work, and that of people will notice and come back to you in karma is great, but not borne out in our history. he was rightly called out on it. if nothing comes out of this than that but that is quite useful. microsoft is a company were 30% of the company is female, this is on par with other technology companies, but they also have a lot to work on. >> when they picked him as ceo, maybe they thought he would have morbid sensibility of what other people who are in the
workplace might be facing. apparently that is not part of his viewpoint. even than the culture of microsoft, that is the question, is this the way that things are thought of drop microsoft. it is a fairly hardcharging environment. clearly he does not understand the sensibility and what women workers in particular need to do to get ahead. >> it is not just disappointing, it is also depressing. waste oil with the ceo of 23 and me -- we spoke with the ceo 23 and me, and i want you to take a listen to what you have to say about being a woman leader in technology. >> you can understand what it is like to be in a meeting, to go breast-feed, and québec. to juggle. but it could be anybody who could be a leader. anyone can be excelling grad and
a thing valley morning or, in -- andching that point in this valley more and more, it is reaching that point. >> is there more work to be done? >> i think there is a lot more work to be done. what is exciting about this is that it is really pushing the dialogue to the forefront because this is a conversation that the valley needs to have absolutely. is something with it about a lot. when one of our board members who speaks to our students, who are black and latino engineers around the country every year about how to negotiate their salary because he had had experiences where women and minorities who are not actually standing up and negotiating for he is worried that that is going to continue to perpetuate this cap. gap. >> what are they supposed to do?
practice with a friend? or is there more to it? >> practice with a friend, and also know what your value is on the market. takee research, and others the word of someone else who was getting a something specific. just generally, doing your research and being willing to go and then have that a comfortable conversation. >> how much does this hurt satya nadella? >> i think it hurts him more than you might expect because this is an organization that he is trying to really turn around and all sorts of way. and he shows the best digital data, and it is quite embarrassing -- bes vestigal data, and it is quite embarrassing. teslas egg announcement is a mystery no more. announcement is a mystery
>> this is "bloomberg west." has linkedin cracked the china code? committees have had huge clashes, linkedin has been quietly building a healthy following there with her million members. anchor betty our liu that the expansion has not been easy. >> to do so means complying with chinese law. and at times that means doing things that we are not comfortable with. and where we have had to compromise on some of our values. and we think that the value that can be created in china is worth doing business there. back in the u.s.
linkedin is trying to push for as much transparency as possible when it is coming to nsa surveillance request. teslas big announcement is here. it is an all-wheel drive version of its model s sedan. safety features including driver assisting tools to prevent crashes. $120,000.ng price is test drive with elon musk himself. burnishs this going to the image of tesla motors as being eventually a car company that is for the masses when you're introducing a car that is going to be more expensive? >> this particular event is really about showcasing what electric cars are capable of. and showing that an electric car ,an be the high-performance car and the performance version of
the dual motor has acceleration comparable to one of the best supercar ever. seconds ---60 23.2 in 3.2 seconds. >> shall we try it? >> are you braced? >> here we go. [laughter] whoa. did you see that? wow. what did you think when you first experience this? >> sorry. >> are you ok? i'm not touching anything, it is on isle of man -- on autopilot. >> what technology is in here? >> a combination of radar, camera with infrared recognition, and ultrasonic
sensors. enables aly what synthesis of all of those systems. >> when you were accelerating back there, let's say, and you saw that -- >>'s brake light is out. times.aw that a few he jumped aside when he's all you come a great if you were accelerating that quickly, and then object flew in your way, what would happen if you are on autopilot? would it brake on its own? >> if it detected that something was going to hit the car, it would do its best to mitigate the impact velocity. it would brake. downu're going 60 miles the road, and something leaps in front of you, there is nothing you can do under any circumstances. it cannot do the impossible things, but it can vastly improve the safety of where driver doesf the
not notice that there's a pedestrian about to cross the road, or that there is a car that has come to a stop in front of them, driver distraction situations. it could really be a lifesaver. musk.ty liu with elon she is joining us now. there were some expectations for this unveiling, especially after elon musk's tweet. some thought it would be a completely different car model. but i saw one headline that said that d was for disappointing. is it disappointing? >> i thought about that. i think there are people out there who are on the twitter said this was a lot less than what we expected. i think the internet disappointed itself because they basically got everything right.
there was so much speculation had of time, they got a ride that was going to be an all-wheel drive. they got it right there would be some autonomous features. they also got a ride that it rights a faster car -- that it would be a faster car. the stock price is down right now by about six percent, had gone down almost 8%, a three-week low. elon musk has said that he thought the stock price was too high, so this might be another use for investors to sell into this news. >> corey, are you d for disappointed? >> i thought the car was very cool. try out and audi at the sports summit. price,t the same $110,000, it was an amazing car with heads-up displays, and all
caps electronics that it did not know luxury cars were coming out with. this is about tesla catching up to what other cars, the super expensive luxury cars are already doing. they will be playing catch up with his features. but there is something about fullmusk, we did not do a day of coverage, something seems exciting. >> these additional features will be added over time? >> there is actually a timeline. by the and of this year you will see the p 85. by the end of next year you will be able to add on the option of all-wheel drive onto your current model s. you will be rolling this out not just here but also overseas. guys love cars, so there has been so much enthusiasm over how cool this car is, corey says he
loves it. know more about the practical side of this. if i'm driving the car down the road, what happens if it is on autopilot, and it hits a barrier or hit somebody? who is responsible? there are a lot of legal questions that are answered. one thing i want to point out is that elon musk said with or without any of these certainties about what autonomous driving is he believesk like, it is firmly going to happen in our lifetimes, in fact, in this decade. >> betty liu with elon musk in a leg. l.a. ahead, defending the new logo. ♪
>> welcome back to "bloomberg west." itsty fair posted first-ever summit in connection with the new establishment list in san francisco. on that list is the most influential people in technology and media. we spoke with some of those big names including bob iger. elalso moderated a pan called generation next. take a listen. you changed your logo. i know you have been on the record and say it looks like an ear. what you think? you stuck with it. it was controversial. what did you learn? >> i thought the reaction for
pretty amazing. there were tumbler blasts. was where on the airbnb logo did the batman touching? -- bad man touch you? [laughter] ourstly, i think i liked brand becoming so iconic that in the future summary might say you are like the airbnb logo. the real description of this logo is that the first logo on the left was an identity that we came up within two weeks. it was not meant to be an icon that endured. needed something that were present what we are about. what we are about is this idea of embracing and bringing people together, belonging. have a logoant to
that was with the words, we wanted something that was cool, simple, and it could be easy to do. the reason we did that, is we do not see ourselves as a mass brand. ran -- produced our product is people, and everyone is different, so we wanted our expression to be unique. >> do not miss studio 1.0 today at 5:00commentators p.m. eastern. we will be right back. ♪ >> it is 26 minutes past the hour, we are on the markets. about 2.5 hours before the and of u.s. trading, and we are capping risks right now. we are bounding back from the
something that touches everyone's life. everyone goes into the hospital and sees the doctor at some point. i think the system is fundamentally broken. i think it is that the consumer is not the center of it. important thing we got done is that we've put the consumer at the forefront of owning their own genetic information using that information to take control of their health. >> a year ago you were forced to stop marketing your product. ,> we got a warning letter asking us to stop selling the product, which we have done. the fda sauce is a medical device -- saw us as a medical device. informationng out for information purposes only, and now we are more medical natured.
we are now working with the fda, and we are hoping to be on the market at some point. >> dealing with the government, it can be a long time. what is your timeframe? submitted an application for one of our former 250 reports. i think it will take some time. >> you have brought in executives with health care backgrounds, how's that changed your business? >> a massive change. ofdid not have a lot experience, we were a startup. as we started to grow we understood more and more that there is this whole world in the regular tour late -- regulatory landscape that we were getting into and that we needed people who really understood how to navigate that. >> d.c. that is a common problem for many of the disruptors in silicon valley who are disrupting industries where the
new not have native experience? >> we are unique because health care is more regulated. i look at uber and youtube, the i see how consumer really transforms media. companiesgo media were not putting the content online. and because consumers created a competitive channel, today there is tons of content online. there is more of a collaboration between the old and the new branding that is exactly the kind of transformation we want to see in health care. the the consumers can create a whole new system where we can communicate each other. we ownwd source ideas, our own medical records, we own our data, we are making decisions we are informed about. i think that works in parallel and totally complementry to the physicians who are doing the new clinics, and those who are doing research all over the world.
>> in terms of the health care -- health care experts you have brought in, is there a specific example of how they have encouraged you to change things? recently brought and a physician who is incredibly well-known in a genetic pathologist. e didf the things sh recently was a roundtable of the 21 leading experts of genetics in the country. enabled us to really engage in a very open dialogue with the experts about what specifically should we be doing for the next five years? because genetics is coming, it is here, it is a day back logically feasible -- it is technologically feasible to get your data, but how will we deal with the fact that we do not know what all of your genetic unit means -- genetic data means? >one thing i've always wanted to do is transform how we approach
research. today, if you're a stanford and pfizer, you have to go contact a hospital or a physician, and you collect human subjects, and it is a slow and clinicaless to run a trial or study. part of what we're trying to transform is making research a real-time experience. so we encourage millions and millions of people to participate in having the genetic information filed, filling out surveys. how you no longer have just know to 230 different centers, but just being part of 23 and me, and we can enable access to all of these different academics to be able to do research projects. that will significantly advance and accelerate the pace of discovery. not'm guessing you're
passionate about spending time in d.c. with regulators. how much of your time right now has to be devoted to that? >> it is one of the things i have never been interested in. appreciationeal that i'm enjoying the time there because i do realize that this thetry operates based on infrastructure that we set up. and the infrastructure that we set up is in d.c.. health care's $2.7 trillion, and that is what i remind people all the time. huge, and it is all regulated by the government. so we have to have that partnership. understande in d.c., what the motivations are, to understand the players that are coming in because genetic information is the core of personalized care. it is also going to be the core of prevention. if we want to get those things going on to be partnering with all of the existing players. hackers have accessed over
these talks, but now it is happening. what do you make of this? >> it is kind of an interesting move because in a sense the cloud side of the business -- the storage side, i'm sorry, is pricef this interesting war between amazon and google. and then the other side is what is driven by the headlines. it has been this tough spiral to years, as they tried pursue this model that has really fallen apart. both sides of the business a really trouble. this will be a tough one. >> what does this actually need for the industry -- mean for the industry? businesses that are essentially not growing, and as one analyst put it to me yesterday, that would you have areas now to businesses who are not growing.
security solution that for a long time and many years was pretty much the only thing you needed for security. antivirus did pretty well. are a situation where antivirus will not catch a whole lot of anything. they need to address that problem pretty rapidly. what we have heard is that the split up and give them the resources to do that. what we are hearing on the storage side is that they have had a buyer sniffing around for a while, and i would not surprised to see it sold off. >> do you see this as just another big failed technology merger? billion did not work and never meshed? >> i do. i think that is exactly the problem. marcu look back, andreessen that others have been noisily pointing out the
historical numbers. there is a reason why large-cap tech is trading where it is them in th -- then in the larger numbers. get exactly this fallout where you do a large acquisition, realize it does not work, and then split up again. i want to transition to another story we are following today. it is being called the snappe ning. from snapchat have been hacked and are ending up online, up to 200,000 photos of teenagers come including nude selfies. what are they saying about this? >> they are saying specifically that we can confirm that the servers were never breached, and were not the source of these links. they say that they are being victimized by the use of third party apps that they expressly
prohibit because they compromise users security. there but a lot of apps that to save thoseers pictures, and that is the source dissemination of a lot of these pictures could qualify as child pornography. what you make of this? do nott of services do what they say they will do. protect your privacy in sharing specific photos. saveif snapchat does not the pictures on its servers, you can sometimes retrieve the images from the device themselves. it really underlines how if you are relying on services to protect your privacy, you need to be sure that your privacy is actually protect it. ed. the technology does not
necessarily do it itself. a snapchat freezone here. without the defense that was squishy and somewhat reprehensible. if google were to say that you accessuse our client to your e-mail, so we are not responsible. that is not the way it works. >> is this really jim edging to snap shut -- is this really damaging to snapchat's business? think we have seen a number of these stories come out for the service essentially cannot protect users data and photos as well as many people think it can prepare a big difference between what different evolving
technology can do versus what technology can actually do. taking a screenshot of a snapchat is simple, or hacking into the server for a lot of cases. security and private server mechanisms need to be really strong if you're going to protect these with data. >> a story we will continue to keep our eyes on. thank you. imagine testing for radioactive material, or detecting an explosive from your tablet. and defenserity robots are even easier to use from irobot. ♪
now we have controls from your tablet. what exactly is new here? what can they do now? have a history of improving and simplifying the control technology. they have not taken that next leap and we are moving to tablet technology. specifically the android universe. now we are able to bring a lightweight controller in the form of a tablet controller, and provide significantly increased capability in a much simpler and easier interface for the operator and a very critical mission scenario. >> when i look at these images provided for us, showing police and military solutions, revenues are really vomiting.
is this something you need to get the military and police interested in a product they are buying a lot less of every quarter? >> certainly. and you're seeing the drawbacks in the military in afghanistan and iraq, so you see decrease in purchasing. the whole idea is how do we make this easy to use, how do we expand radio range and urbanlities for environments to get downstairs basements that are challenged from a radio range perspective? this provides us this in a very easy to use package. what would you hold down the line, or what are you working on to give your robots new capabilities in the future? what else will they be able to do? >> one of the big things we look
forward to is connecting our operators to the cloud. then we get the computational and the reach back capability to explosive devices, and render them safe. back for the operator, ease-of-use, and the ability for extended ranges, those are the primary things we are looking to get out of the control system. >> what does this mean for your vacuum business? they're facing competitors from all over the world that much lower price points. emerged ourly engineering forces together. what we're trying to do is take advantage of the volume associated with a commercial and , and thebusiness
higher technology from the defense side. ond merge them together t leverage them across both businesses. you do to protect your robots against hacks, especially given that they are doing some very important and critical things? >> one of the things that comes is a rating system that performs a network that is password protected did when it is turned on, and it can share that information. it can provide video feeds and dana needs back to data centers for swat teams in a password-protected environment. >> thank you for sharing with us. >> great to be with you. >> one number that tells a whole
lot. 300 95. that is the number of dairy queen locations that were hacked. 600,000 credit card expiration date's and names were affected. maybe this would not happen if sap owned dairy queen. way from dairy queen to neiman marcus, no one is safe. even at mcdonald's. >> that might be a food issue more than anything. >> it certainly goes back to how good a security -- is sic
security technology at this point? how much innovation is actually happening there? a thousand people devoted to this, and still -- >> people have used it as an example for what it takes companies to be secure, and now we dknow that not even them were secure. this is an opportunity for companies like symantec, but not one that they have done a good job of exploiting. backoff. attack called and i can't leave warren buffett alone. leave dairy queen alone, hackers. have you no shame? >> thank you for watching this
>> from bloomberg headquarters in new york, this is bottom line. the intersection of is this an economics -- business and economics with a mainstream perspective. to our viewers here in the united states, and those of you joining us from around the world, welcome. theby holliday crunches numbers from dave and busters. they had an ipo. we will hear from the ceo. ben bernanke